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House Democrats proposed raising the top tax rate on wealthy individuals to 39.6% from the current 37%. The new rate would kick in for married
House Democrats proposed raising the top tax rate on wealthy individuals to 39.6% from the current 37%. The new rate would kick in for married couples who have taxable income over $450,000 and single people who make more than $400,000. The House plan would also increase the top stock sale tax rate to 25% from 20%." 20. Based on history, if these proposals became law, GDP should: A. _____ Rise B. _____ Fall C. _____ Change very little
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